CEOs are Using This ONE Trick to Boost Confidence / Kelli Thompson
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Some people want to start a business but are overwhelmed to the point of inaction. Yet strategic action offsets overwhelm. How can you propel yourself to move forward in your career?
Today on Start With a Win, host Adam Contos joins Pat on his podcast: In the latest episode of Destination Business Freedom, Pat Mancuso invites Adam Contos, a Partner at Area 15 Ventures, to speak about building ventures through effective leadership. Adam shares some of his favorite books and most influential mentors, his leadership philosophy and personal wisdom, and how he began franchising businesses with RE/MAX Holdings.
Former real estate CEO and leadership coach Adam Contos maintains that you must be held accountable for taking action on your vision. However, less than 1% of people can hold themselves accountable regularly for their entrepreneurial endeavors, leading small businesses to fail in the first year. Instead, you should acquire a coach or leader to develop an accountability system. Exceptional leaders influence and guide you to accomplish a task or vision by building trust and practicing what they preach. With an inspirational leader, you can identify the mental gaps in your personal and professional life and take action for future growth.
00:00 Intro
03:46 How Adam Contos transitioned from a cop to leading a venture capital firm
06:50 The mental barriers to starting a business — and how to take action
12:04 Adam’s philosophy on leadership
16:01 Why RE/MAX franchised companies in the quick service restaurant (QSR) space
23:35 Adam talks about his leadership drivers in real estate and entrepreneurship
30:30 What are Adam’s favorite books, and who are his most influential mentors?
Quotable Moments:
"Ultimately, it comes down to, ‘how can you be accountable for taking that action?’ If there's no accountability, there's no action."
"Leaders influence and guide somebody in order to accomplish a task or change a vision or establish values within an organization."
"People will give way more than that 40% effort if they are so engaged and so inspired by the leadership in that organization."
"We looked for people, systems, and products, and we found it at Port of Subs. It was rock solid."
"Stay hungry and stay humble. There is no job that is too small for a key leader to go and do."
Action Steps:
1. Define your destination in entrepreneurial ventures: It's crucial for business owners to have a clear objective; mapping a destination helps bridge the gap between their current state and future success.
2. Embrace change and lead through transformation: Change is inevitable in all industries; by adapting and leading effectively through it, a business can stay relevant and competitive.
3. Establish a system of accountability: To ensure action and avoid stagnation, accountability keeps individuals on track with their entrepreneurial goals.
4. Focus on relationship-building within organizations: Strong interpersonal connections can elevate employee experiences and translate to enhanced customer interaction and retention.
5. Stay informed and educated about industry developments: Ongoing learning about tools, trends, and changes, such as in AI, enables leaders to anticipate shifts and harness opportunities for growth.
Sponsor for the Destination Business Freedom episode...
This episode is brought to you by the Mancuso Consulting Group, a go-to resource for entrepreneurs, CEOs, and business owners dedicated to personal and business growth. Our team of experts has coached, consulted, and trained over 15,000 entrepreneurs, C-suite leaders, and business owners in areas of sales, leadership, organizational development, and personal growth. Additionally, Pat Mancuso has launched multiple multimillion-dollar business ventures, giving him a firsthand understanding of entrepreneurs' daily challenges.
At the Mancuso Consulting Group, we are committed to exploring innovative ways to help businesses and leaders grow their people and improve their bottom lines. To learn how the Mancuso Consulting Group can help you unlock your full potential, visit www.themancusomethod.com, email us at pat@themancusomethod.com, or call 651-503-7355.
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Subscribe and Listen to the Start With a Win Podcast HERE:📱
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Connect with Adam:
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Website ➡︎ https://adamcontos.com/
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